American Financial Boosts Offer For National Interstate

(RTTNews) - American Financial Group, Inc. (AFG) said Tuesday that its subsidiary Great American Insurance Co. has increased the price per share that it will offer to pay for the outstanding shares of National Interstate Corp. (NATL) common stock not currently owned by Great American Insurance from $28.00 to $30.00 per share in cash without interest.

The increased offer price represents a premium of about 35.3% over the closing price of National Interstate common stock on February 4, the last full trading day prior to the first public announcement of Great American Insurance's proposed offer.

The $30.00 per share price is Great American Insurance's best and final price and American Financial said that no further increase to the offer price will be made.

The tender offer and withdrawal rights are scheduled to expire on March 6, unless the tender offer is extended or earlier terminated.